Luxury goods are products and services that are not considered essential and are associated with affluence.The concept of luxury has been present in various forms since the beginning of civilization. Its role was just as important in ancient western and eastern empires as it is in modern societies. With the clear differences between social classes in earlier civilizations, the consumption of luxury was limited to the elite classes.
With increasing "democratization", several new product categories have been created within the luxury market, aptly called "accessible" or "mass luxury". These are meant specifically for the middle class (in this context, sometimes called the "aspiring class"). Because luxury has now diffused into the masses, defining the word has become difficult.
In contemporary marketing usage, Prof. Bernard Dubois defines "luxury" as a specific (i.e. higher-priced) tier of offering in almost any product or service category. However, despite the substantial body of knowledge accumulated during the past few decades, researchers still have not arrived on a common definition. Many other attempts have been made to define it using the price-quality dimension stating higher priced products in any category count as luxuries. Similarly, researchers have also compared goods in terms of their uniqueness. Prof. Jean-Noel Kapferer takes an experiential approach and defines luxury as items which provide extra pleasure by flattering all senses at once. Several other researchers focus exclusively on dimension and argue that luxury must evoke a sense of belonging to a certain elite group.
USELESS LUXURY - The Luxury Goods that do Nothing for you
WealthTV Special Report: Luxury Goods and Counterfeits
Top 10 Luxury brands in the world
Emerging economies weigh on luxury goods
What do you need in a Luxury Goods Collection? WHAT ARE THE KEY ESSENTIAL PIECES
Julia Angwin Keynote: "Is Privacy Becoming a Luxury Good?" -- Strata + Hadoop 2014
Closer Look: Concepts x New Balance 997 - "Luxury Goods"
Bluvertigo - Canone Inverso (Luxury goods)
BCM Luxury Good Weekend 2014 (2º preview)
Fukushima news; the ultimate luxury good of death, Huntsman cancer Institute an cancer Institution
Luxury Goods SALE
Luxury Goods Sale #2
Luxury Goods Sale #3
Pierre-Yves Poulain of The Luxury Society on marketing luxury goods online
USELESS LUXURY - The Luxury Goods that do Nothing for you
WealthTV Special Report: Luxury Goods and Counterfeits
Top 10 Luxury brands in the world
Emerging economies weigh on luxury goods
What do you need in a Luxury Goods Collection? WHAT ARE THE KEY ESSENTIAL PIECES
Julia Angwin Keynote: "Is Privacy Becoming a Luxury Good?" -- Strata + Hadoop 2014
Closer Look: Concepts x New Balance 997 - "Luxury Goods"
Bluvertigo - Canone Inverso (Luxury goods)
BCM Luxury Good Weekend 2014 (2º preview)
Fukushima news; the ultimate luxury good of death, Huntsman cancer Institute an cancer Institution
Luxury Goods SALE
Luxury Goods Sale #2
Luxury Goods Sale #3
Pierre-Yves Poulain of The Luxury Society on marketing luxury goods online
CONCEPTS x NEW BALANCE "LUXURY GOODS" - The DGR (DarnGood Report)
The Most Luxurious Prison In The World
Japan Series The Business of Luxury
Is Privacy Becoming a Luxury Good? - Julia Angwin
New Balance x Concepts 997 'Luxury Goods' Review & On feet!
Paolo Dendi - Leather Luxury Goods. Sister Srl
Chelley - Took The Night (Luxury Goods Mix) 2009
Live CCTV Luxury Good Store Raid
Luxury goods snuck out of factories - China Price Watch - November 08, 2013 - BONTV China